I have sold down over a third of my shares since the last vote....

I have sold down over a third of my shares since the last vote. Only have around 1.4m left in two blocks but I can barely be bothered with this company any more.

I did warn that these guys would dilute us at a low price if given the chance and my warnings went unheeded at the time. Take a look at the last votes. over 2m of those were mine. Hardly anyone else bothered.

Now, after losing around $200k, having most of my correspondence to the company go unanswered, and watching KEY promises go up in smoke, I don't feel like forking out another 55c for a stamp to send my votes in.

It will merely be another 55c down the KEYhole.

Just what do you, as a group hope to achieve? Block the options? whether you succeed or not those new shares are likely to simply be dumped on the market like the last lot of sophs appeared to do. Almost guaranteed if you succeed.

I am just be thinking about how to get out of this for the smallest loss now. I doubt any of the longer term investors will ever see their money again as management keep spending up big and not delivering on targets. They do not even appear to think they have taken a misstep or that they would have reduced their fees by now.

Another word of warning: anyone who votes against an agm item will likely also have their correspondence to the company go largely unanswered in future.
I know some on this thread are still close to the 'font of information' judging by posts made, but you will likely also be cast out into the dissenting shareholder wilderness roamed by so few up till now.

Any success in blocking options issue will likely just see more aggressive dilution in future. This can be done similarly to last, allowing certain supportive KEY shareholders to be in on dilutive placements and merely throwing $5-15k entitlements (non-prorata) to all the retail investors that need fleecing.
Over time the register is gutted, and if any project takes off unexpectedly a last minute discounted placement can still be made to sophs at a knock down price (RXL most recent example).

Just one betrayal after another here.